Moody Corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. At the beginning of the year, the company made the following estimates Machine-hours required to support estimated production 155,000 Fixed manufacturing overhead cost $ 654,600 Variable manufacturing overhead cost per machine-hour $ 4.40 Required: 1. Compute the plantwide predetermined overhead rate. 2. During the year, Job 400 was started and completed. The following information was available with respect to this job: Direct materials $ 330 Direct labor cost $ 240 Machine-hours used Compute the total manufacturing cost assigned to Job 400. 3. If Job 400 includes 60 units, what is the unit product cost for this job? 4. If Moody uses a markup percentage of 130% of its total manufacturing cost, then what selling price per unit would it have established for Job 400? 32 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 If Job 400 includes 60 units, what is the unit product cost for this job? (Round your intermediate calculations and final answer to the nearest whole dollar) Unit product cost $ 14 Moody Corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. beginning of the year, the company made the following estimates: Machine-hours required to support estimated production 155,000 $ 654,000 Variable manufacturing overhead cost per machine-hour $ 4.40 Required: 1. Compute the plantwide predetermined overhead rate. 2. During the year, Job 400 was started and completed. The following information was available with respect to this job: Direct materials Direct labor cost Machine-hours used 32 Compute the total manufacturing cost assigned to Job 400 3. If Job 400 includes 60 units, what is the unit product cost for this job? 4. If Moody uses a markup percentage of 130% of its total manufacturing cost, then what selling price per unit would it have established for Job 400? $ 330 240 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 If Moody uses a markup percentage of 130% of its total manufacturing cost, then what selling price per unit would it have established for Job 400? (Round your intermediate calculations and final answer to the nearest whole dollar) Selling price per unit McCullough Hospital uses a job-order costing system to assign costs to its patients. Its direct materials include a variety of items such as pharmaceutical drugs, heart valves, artificial hips, and pacemakers. Its direct labor costs (e.g., surgeons, anesthesiologists, radiologists, and nurses) associated with specific surgical procedures and tests are traced to individual patients. All other costs, such as depreciation of medical equipment, insurance, utilities, incidental medical supplies, and the labor costs associated with around-the- clock monitoring of patients are treated as overhead costs. Historically, McCullough has used one predetermined overhead rate based on the number of patient-days (each night that a patient spends in the hospital counts as one patient-day) to allocate overhead costs to patients. Recently a member of the hospital's accounting staff has suggested using two predetermined overhead rates (allocated based on the number of patient-days) to improve the accuracy of the costs allocated to patients. The first overhead rate would include all overhead costs within the Intensive Care Unit (ICU) and the second overhead rate would include all other overhead costs. Information pertaining to the hospital's estimated number of patient-days, its estimated overhead costs, and two of its patients - Patient A and Patient 3-is provided below: ICU Other Total Estimated number of patient-days 2,500 22,500 25,000 Estimated fixed overhead cost Estimated variable overhead cost per patient-day $ 4,122,500 $ 22,095,000 $ 26, 127,500 $ 286 $ 117 7 Patient A Patient B Direct materials $ 5,000 Direct labor $ 6,700 $ 26,250 $ 37,000 Total number of patient-days (including ICU) 14 19 Number of patient-days spent in ICU Required: 1. Assuming McCullough calculates two overhead rates as recommended by the staff accountant, calculate: a. The ICU and Other overhead rates b. The total cost, including direct materials, direct labor and applied overhead, assigned to Patient A and Patient 8 2. Assuming McCullough continues to use only one predetermined overhead rate, calculate 0 Patient A Patient B Direct materials $ 5,000 $ 6,700 Direct labor $ 26,250 Total number of patient-days (including ICU) $ 37,000 14 19 Number of patient-days spent in ICU 7 Required: 1. Assuming McCullough calculates two overhead rates as recommended by the staff accountant, calculate: a. The ICU and Other overhead rates, b. The total cost, including direct materials, direct labor and applied overhead, assigned to Patient A and Patient B. 2. Assuming McCullough continues to use only one predetermined overhead rate, calculate: a. The predetermined overhead rate. b. The total cost, including direct materials, direct labor and applied overhead, assigned to Patient A and Patient B. (Round "Predetermined overhead rate" to 2 decimal places. Round other intermediate calculations and final answers to the nearest dollar amount.) Answer is complete but not entirely correct. 1a. Predetermined ICU overhead rate $ 1,935.00 per patient-day 1a. Predetermined Other overhead rate $ 1.095.00 per patient-day 16. Total cost for patient A $ 58,340 X 1b. Total cost for patient $ 74,585 2a Predetermined overhead rate $ 1.179.00 per patient-day 2b. Total cost for patient A $ 47,756 26. Total cost for patient B $ 66,101